Dan Frey Home Loans
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Comparison

Side-by-side payments and cash to close

Lowest monthly: Assumable Loan

Total monthly

Payment stack including taxes, insurance, and HOA

Cash to close

Down payment / equity bring-to

Detail
Assumable Loan
Assumable · FHA
Assumable Loan + Second
Assumable · FHA
Current Market Conventional
New · Conventional
Loan amount$188,508$188,508$337,500
Remaining term (yrs)22.422.430.0
Secondary amount$0$148,992$0
Funding fee$0$0$0
Note rate4.410%4.410%7.400%
Blended rate5.260%6.470%7.640%
1st payment$1,099.73$1,099.73$2,336.78
2nd payment$0.00$993.28$0.00
Taxes / mo$398.67$398.67$398.67
Insurance / mo$150.00$150.00$150.00
MI / mo$155.38$155.38$67.50
HOA / mo$9.33$9.33$9.33
Total monthly$1,813.10$2,806.38$2,962.28
Cash to close$186,492$37,500$37,500